How much does a Strategic Sourcing Supervisor make at companies like JAKKS PACIFIC INC in the United States? The average salary for Strategic Sourcing Supervisor at companies like JAKKS PACIFIC INC in the United States is $123,901 as of March 26, 2024, but the range typically falls between $108,320 and $139,928. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
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Strategic Sourcing Supervisor supervises sourcing operations that build value-driven vendor partnerships with a focus on risk management, reliability, and cost-effectiveness that support overall organizational strategies. Follows structured negotiation processes to conduct supplier negotiations and contracting. Being a Strategic Sourcing Supervisor coordinates with internal stakeholders to define material, quality, and service requirements and standards. Supports vendor partnerships, tracks KPI's and goals and monitors scorecards to measure and evaluate vendor performance. Additionally, Strategic Sourcing Supervisor integrates new sources, methods, and vendors to ensure a reliable supply of materials. Reviews market intelligence and analysis to anticipate price fluctuations. Uses ERP systems and other software tools to manage processes, create efficiencies, and control costs. Typically requires a bachelor's degree. Typically reports to a manager. The Strategic Sourcing Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Strategic Sourcing Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
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